IRS to Require 150 Million Tax Filers to Disclose Crypto Dealings



IRS to Require 150 Million Tax Filers to Disclose Crypto Dealings

The U.S. Internal Revenue Service (IRS) has unveiled a new draft tax form used by some 150 million people in the country to file tax returns. It has a section that requires them to answer whether they have received, sold, sent, exchanged, or acquired any financial interest in any cryptocurrencies during the year.

Also read: IRS Issues New Crypto Tax Guidance – Experts Weigh In

New Tax Form

The IRS published a draft of the new 1040…



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